Russia Blocks BestChange Crypto Exchange – What’s Behind the Ban?
In a surprising move, Russia’s communications watchdog Roskomnadzor has blocked access to BestChange, a leading cryptocurrency exchange platform. The exact reason? Still unclear. But BestChange is actively working with the Central Bank of Russia to resolve the issue and lift the ban.
Why Was BestChange Blocked?
While advertising and circulating cryptocurrencies are banned in Russia, crypto mining and international payments using digital assets are legal. However, bestchange.ru has now been officially listed as restricted on Roskomnadzor’s website.
Russian news agency RIA cited Roskomnadzor, stating that the platform was blocked due to “legal violations in the financial sector”. Yet, no detailed explanation has been provided.
BestChange suspects the ban could be linked to new crypto regulations or possibly an unauthorized entity misusing its services.
BestChange’s Response: “We’re Working to Fix This”
The platform released an official statement, saying:
“Unfortunately, we cannot pinpoint the exact reason for this ban. We are actively engaging with the Central Bank and regulatory bodies to clarify the situation and restore access as soon as possible.”
As crypto regulations tighten in Russia, traders and investors are left wondering: Is this a one-time crackdown, or the start of stricter controls on digital assets?
The Bigger Picture: Is Russia Cracking Down on Crypto?
Russia has taken a contradictory approach to cryptocurrency—embracing it for cross-border transactions while imposing tough restrictions on its domestic use. This latest move against BestChange raises concerns about whether more crypto platforms will face similar actions.
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